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TheDomains.com

JD.com Might Have Sold For As Much As $5 Million

February 17, 2014 by Michael Berkens

logo-201305

Back last March, we reported that the domain name JD.com was purchased by China’s” leading direct B2C e-commerce company”, Jingdong , who bought it to to re-brand from  360buy.com

According to the company, Jingdong had 35 million active users and 80 million registered users as of  December 2012.

Today our buddy George Kirikos reported that browsing through some SEC filing the domain may have sold for as much as $5 Million dollars

http://www.sec.gov/Archives/edgar/data/1549802/000104746914000443/a2218025zf-1.htm

“As of December 31, 2011, they recorded  2,621,000 RMB for domain names, but that rose to 36,032,000 RMB as of  December 31, 2012.

If you look at the WHOIS history, Alexander Lerman owned the JD.com  domain name on December 31, 2011, but by the end of 2012, it was owned  by the Chinese company (the actual WHOIS change took place on  2012-06-12).

Thus, one can infer that the change in the Chinese company’s balance  sheet allocated to domain names between the end of 2011 and the end of  2012 was mostly due to the acquisition of the JD.com domain name. The  difference between the two years of 33,411,000 RMB, using a rate of  0.15695 to the US dollar via the chart at:

http://www.xe.com/currencycharts/?from=CNY&to=USD&view=5Y  for the exact date of June 12, 2012, would equal USD $5,243,856.

“Of course, there might have been other domain name acquisitions to  account for the change in the balance sheet, but I’d bet that USD $5  million is a good estimate for the transaction value of the JD.com  domain name.”

JD is the name of the degree lawyers get when they graduate law school so among other things JD has meaning separate and apart from the buyer

We know Facebook shelled out $8.5 Million for FB.com and that IG.com sold for $4.7 Million so $5 Million for JD.com would not be hard to believe.

Filed Under: Domain Sales

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

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Comments

  1. sheshadri says

    February 19, 2016 at 3:55 am

    super


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